ID :
194916
Thu, 07/14/2011 - 01:05
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https://oananews.org//node/194916
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Sales at discount outlets, department stores rise in June
SEOUL, July 14 (Yonhap) -- Sales at South Korea's major discount outlets and department stores rose from a year earlier in June on growing demand for groceries and goods for outdoor activities, a government report showed Thursday.
Combined sales of the country's three major discount outlets rose 2.7 percent in June from the same period last year with those of three leading department stores rising 8.2 percent on-year, according to the report by the Ministry of Knowledge Economy.
The monthly report does not provide monetary sums of sales at Lotte Mart, E-Mart and Homeplus discount outlets and Lotte, Shinsegae and Hyundai department stores.
Sales of groceries led the sales increase at the discount outlets by moving up 4.4 percent from a year earlier to account for 52.3 percent of all products sold.
"The overall sales of discount outlets rose slightly as the Memorial Day holiday and good weather that continued until mid-June led to increased outdoor activities, pulling up sales of sports-related goods by 5.6 percent and groceries," the ministry said in a press release.
Home appliance sales, which account for more than 10 percent of products sold at outlet stores, dropped 6.4 percent from the same period last year when the FIFA World Cup in South Africa boosted sales of large television sets here.
Luxury goods, gaining 16.7 percent from a year earlier, led the sales increases at the three department stores. Household products, including home appliances such as air conditioners, rose 13.5 percent, according to the ministry report.
Luxury goods sales declined as the French fashion brand Chanel marked up its prices here at the beginning of May, but demand remained strong with double-digit growth figures tallied for the third consecutive month in June.
Sales of all items at department stores rose in June though the number of women's dresses and suits sold gained only 1 percent from a year earlier, partly due to the early start of the rainy season which, in many parts of the country, began about 10 days ahead of normal, the ministry said.
Combined sales of the country's three major discount outlets rose 2.7 percent in June from the same period last year with those of three leading department stores rising 8.2 percent on-year, according to the report by the Ministry of Knowledge Economy.
The monthly report does not provide monetary sums of sales at Lotte Mart, E-Mart and Homeplus discount outlets and Lotte, Shinsegae and Hyundai department stores.
Sales of groceries led the sales increase at the discount outlets by moving up 4.4 percent from a year earlier to account for 52.3 percent of all products sold.
"The overall sales of discount outlets rose slightly as the Memorial Day holiday and good weather that continued until mid-June led to increased outdoor activities, pulling up sales of sports-related goods by 5.6 percent and groceries," the ministry said in a press release.
Home appliance sales, which account for more than 10 percent of products sold at outlet stores, dropped 6.4 percent from the same period last year when the FIFA World Cup in South Africa boosted sales of large television sets here.
Luxury goods, gaining 16.7 percent from a year earlier, led the sales increases at the three department stores. Household products, including home appliances such as air conditioners, rose 13.5 percent, according to the ministry report.
Luxury goods sales declined as the French fashion brand Chanel marked up its prices here at the beginning of May, but demand remained strong with double-digit growth figures tallied for the third consecutive month in June.
Sales of all items at department stores rose in June though the number of women's dresses and suits sold gained only 1 percent from a year earlier, partly due to the early start of the rainy season which, in many parts of the country, began about 10 days ahead of normal, the ministry said.
